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Tuesday, February 05, 2013

Obama media ambassadors spin the latest CBO report

The liberal media ambassadors are doing their best to frame the CBO report in as good light as possible. Imagine The Hill writing a sentence like this during George W. Bush's last term:

The Congressional Budget Office on Tuesday projected a federal budget deficit of $845 billion in 2013, the first time it will have fallen below $1 trillion under President Obama.

The reduction in the budget deficit comes after Congress approved higher tax rates on households with annual income above $450,000. But the long-term forecast from the non-partisan CBO shows the fiscal cliff deal that prevented higher tax rates on most households did little to help the nation’s long-term budgetary outlook.

CBO sees the deficit falling to $430 billion by 2015 before slowly rising again. By 2023, CBO projects the nation will be nearing the $1 trillion mark with a $978 billion budget defici as the aging population and rising health costs explode entitlement spending. ...More: HERE

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The liberal media ambassadors are doing their best to frame the CBO report in as good light as possible. Imagine The Hill writing a sentence like this during George W. Bush's last term:

The Congressional Budget Office on Tuesday projected a federal budget deficit of $845 billion in 2013, the first time it will have fallen below $1 trillion under President Obama.

The reduction in the budget deficit comes after Congress approved higher tax rates on households with annual income above $450,000. But the long-term forecast from the non-partisan CBO shows the fiscal cliff deal that prevented higher tax rates on most households did little to help the nation’s long-term budgetary outlook.

CBO sees the deficit falling to $430 billion by 2015 before slowly rising again. By 2023, CBO projects the nation will be nearing the $1 trillion mark with a $978 billion budget defici as the aging population and rising health costs explode entitlement spending. ...More: HERE